Geneos Wealth Management Inc. Trims Stake in Chipotle Mexican Grill, Inc. $CMG

Geneos Wealth Management Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,306 shares of the restaurant operator’s stock after selling 1,955 shares during the period. Geneos Wealth Management Inc.’s holdings in Chipotle Mexican Grill were worth $317,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMG. Revolve Wealth Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock worth $91,571,000 after acquiring an additional 279,267 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $224,000. Silvercrest Asset Management Group LLC lifted its position in Chipotle Mexican Grill by 8.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 70,031 shares of the restaurant operator’s stock valued at $4,223,000 after purchasing an additional 5,313 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of Chipotle Mexican Grill by 31.5% in the 4th quarter. State of Wyoming now owns 6,725 shares of the restaurant operator’s stock valued at $406,000 after acquiring an additional 1,612 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen reduced their price objective on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. BTIG Research restated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Finally, Truist Financial reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.76.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $38.57 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The firm has a 50 day moving average of $45.20 and a two-hundred day moving average of $48.97. The firm has a market capitalization of $51.72 billion, a PE ratio of 34.44, a P/E/G ratio of 1.97 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.